Is Playing Lotto in Syndicates a Good Idea?

Is Playing Lotto in Syndicates a Good Idea?

When choosing to play the lottery, you are often presented with the choice of playing on your own or joining a syndicate. Both have their advantages and disadvantages, but are you more likely to win in a syndicate? Let’s take a closer look.

Not Guaranteed – But Still Good

Let’s get one thing straight first; playing in a syndicate is not a guarantee that you will win the lottery. As with buying a ticket on your own, there is a strong chance that your numbers will not be called. However, some players do find success when playing in this method, and allows them to grab some winnings in a lottery syndicate no matter the game they are playing.

The important thing to remember with a syndicate is that you will always be getting a percentage of the money won. Though it is not as life-changing an amount as if you were to win an entire jackpot, it could still be enough to give you the life of luxury you have always dreamed of.

How Do Syndicates Work?

Syndicates work very simply. Everyone contributes a portion of money towards buying tickets, and they will then receive a share of any wins based on how many shares of tickets they have. So, if one person has two tickets in a syndicate and everyone else has one, the person with two tickets will claim the share of prize money for both those tickets.

play the lottery in a syndicate - possibly lots of coins for you (pic by Pixabay)
(pic by Pixabay)

Syndicates are incredibly popular with families, friend groups, and workplaces. However, it is also possible to join professionally run syndicates that will allow you to pool tickets with people you may never meet in real life. This can be a brilliant option for anyone who still wants to take advantage of syndicates without having anyone they could play with in their immediate circles.

Are Syndicates Profitable?

Many syndicates manage to land prizes in the games they play, including some of the top jackpots that could leave their players with millions in prize money to claim. The UK Lotto estimates that approximately 1 in 7 jackpots won are won by syndicates. Playing in a syndicate could pay off spectacularly for the right group.

For example, a Dublin family syndicate won an incredible €175.4 million in a Euromillions Draw in February 2019. Nine family members were in this syndicate meaning they each took home over €19 million. It is thought to be the biggest lottery win in Ireland ever.

A much larger Irish syndicate also grabbed a win of €250,000 to be split between 295 players in January 2020. Each member of the syndicate got just under €1000 and the money raised from the buy-ins was used in a fundraising project for a local community centre.

Join a Syndicate Now

If you are searching for a great way to play the lottery with other people and potentially increase your chances of a win, you should definitely consider trying a syndicate.

They do offer a brilliant increase to your chances to win, and joining for example Your Lotto Service is only a short call away.

Some of the most popular games to play with these methods include the National Lottery and Euromillions. Each one could result in you grabbing a substantial prize whether you land the main jackpot or one of the smaller ones.

If you are thinking about playing a lottery in this way, then give Yourlottoservice a call and find out which one of their syndicates might suit you best.

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